
Alameda, California 94501
This East End Compound is a Strong Value Opportunity, listed at $1,297,000—positioned well below the $1,454,129 Fair Market Value by 10%. This valuation gap offers $157,129 in Instant Equity. Featuring a 3 Condition Rating with a detached rear home, this property provides exceptional multi-generational flexibility. Located near Top-Rated Schools like Lincoln Middle and Alameda High, it balances lifestyle with financial upside. This is an ideal acquisition for Owner-Occupants seeking a home-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3315 Central Ave Subject 0 bd · 0 ba · 2,137 sqft · $680 | $1,297,000* List Price | 0 | 0 | 2,137 | $680 | - |
A 3103 Central Ave Sold 4 bd · 4 ba · 2,302 sqft · $684 · 0.3 mi | $1,575,000 | 4 | 4 | 2,302 | $684 | 0.3 mi |
B 1017 Pearl St Sold 3 bd · 2 ba · 1,838 sqft · $783 · 0.8 mi | $1,440,000 | 3 | 2 | 1,838 | $783 | 0.8 mi |
C 3277 Sterling Ave Sold 3 bd · 2 ba · 1,705 sqft · $759 · 0.1 mi | $1,293,600 | 3 | 2 | 1,705 | $759 | 0.1 mi |
D 2811 Yosemite Ave Sold 3 bd · 2 ba · 2,061 sqft · $781 · 0.7 mi | $1,610,000 | 3 | 2 | 2,061 | $781 | 0.7 mi |
E 1410 Pearl St. Sold 2 bd · 1 ba · 1,332 sqft · $702 · 0.7 mi | $935,000 | 2 | 1 | 1,332 | $702 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1954, the property shows signs of a well-maintained cosmetic renovation within the last 5 to 15 years. The kitchen features updated two-tone cabinetry and clean flooring, the hardwood floors are in great condition, and the mechanical systems (HVAC and water heater) appear clean, compliant, and fully functional, making both units move-in ready.
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
This rare East End compound features a detached 1-bedroom rear residence, providing exceptional flexibility for rental income, guest quarters, or a private professional home office.
Situated in a highly coveted neighborhood, the property offers proximity to Park Street amenities and access to top-tier schools, including Lincoln Middle and Alameda High, both rated 9/10.
With only two bedrooms in the primary residence, the layout may be restrictive for larger families who prefer to have all primary sleeping quarters under one roof.
Built in 1954, the property may require updates to original systems or energy efficiency improvements to meet the expectations of modern buyers.
3315 Central Ave is a rare East End compound with the space, separation, and flexibility that almost never come together in one Alameda property. Behind its classic street presence sits a true two-home setup: a 2-bedroom, 1.5-bath split-level main residence, a detached 1-bedroom, 1-bath rear home, a private courtyard, garage, and additional flexible space in both homes. The main residence is defined by warmth and architectural character, with hardwood floors, exposed-beam ceilings, a brick fireplace, and light-filled living and dining rooms that flow naturally from one to the next. The detached rear home is where this property becomes something more. It gives extended family their own space. It gives guests privacy. It gives you the freedom to create a private office, studio, gym, retreat, or a place to decompress at the end of the day. Both homes also offer separate utility space, giving this compound a level of everyday functionality that is rare in the East End. Room for the gear, the work, the hobbies, the family, and the life that does not fit neatly inside a typical floor plan. Set in Alameda’s coveted East End, wander its tree-lined streets, grab coffee or dinner on Park Street, and take in the shoreline just minutes from your door. Ferry access, freeways, BART, AC Transit, and Oakland International keep the entire Bay Area within easy reach. Not just two homes on one lot. A complete East End compound, built around how you want to live.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.3 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,137 | 1,790.196 |
| Lot Size | 5,630 | 4,403.078 |
| Price | $1.30M | $1.42M |
| Price per sq ft | $607 | $831 |
| Built year | 1954 | 1928 |
| HOA | $0 | $269 |
| Days on market | 29 | 37 |
Sep 25, 2026
$1,297,000
Initial Listing